Transcript NEO - University of New Mexico

Welcome!
My Benefits Orientation
Great Benefits for
Great People
Benefits Orientation
I am Benefits Eligible
UNMH Employees:
•Regular Full-time
(.75 TO 1.0 FTE)
•Regular Part-time
(.5 TO .7 FTE)
•Term (long term temporary)
(.5 TO 1.0 FTE)
Benefits Orientation
Coverages I Can Have
• Basic Life*
• Vision
• AD&D*
• Voluntary
Supplemental
Life
• LTD*
• Health*
• Dental*
• Cancer/ICU/
Heart
• Pre-Paid Legal
*UNMH pays for/contributes towards these benefits
Benefits Orientation
Who I Can Cover
Me and my eligible dependents
My eligible dependents include:
•Spouse or Domestic Partner*
•My unmarried Children (& StepChildren) UNTIL age 19 or age 25
(must be full time student for dental & vision
to continue from age 19 through age 24)
*You must complete the DP affidavit process before DP coverage can begin
Benefits Orientation
My Enrollment Period
The first 31 days from your date of
hire or date of benefits eligibility
Your enrollment period is the time to make
your benefit elections for your effective date
through the end of the Plan Year
The Plan Year ends July 31 for most plans.
The Flexible Spending Account Plan Year
ends December 31
Benefits Orientation
My Effective Date
Your effective date (for most plans) is
the first of the month following your
date of hire or date of benefits eligibility
Exceptions:
LTD is effective the first of the month
following 1 year in benefits-eligible status.
Some coverage may be subject to
underwriting and have a later effective date
(Contact HR Benefits for effective dates).
Benefits Orientation
Benefits Lock
•The benefits you elect remain in effect for the
entire Plan Year (through July 31 for coverages
and through December 31 for the Flexible
Spending Accounts)
•You may make changes for the new Plan Year
during Open Enrollment (summer for coverages
and fall for Flexible Spending Accounts)
•You may make changes during the Plan Year
only if you experience a Qualifying Event
Benefits Orientation
Qualifying Events
Open enrollment of a spouse or domestic partner
Birth
Adoption or placement of a child in the home
Change of Dependent Status - No longer your dependent,
Child no longer single, turn age 19 or turn age 25 (26 for life)
Unmarried children can continue health coverage until age 25
and voluntary life coverage until age 26.
Unmarried children over age 18 can continue dental or vision
coverage until age 25 only if a full-time student
Marriage, Legal Separation, Divorce, Death
Benefits Orientation
More Qualifying Events
Change of your employment status or the employment
status of your spouse or domestic partner:
Regular full time to regular part time status
Regular part time to regular full time status
Casual pool to regular status or regular status to
casual pool
Temporary to regular status or regular status to
temporary
Leaves of Absence
Beginning or end of employment
These are not all the Qualifying Events – Call Benefits to
find out if your event is a Qualifying Event
Benefits Orientation
Qualifying Events Musts
Coverage changes due to qualifying
events must be made within 31 days
of the qualifying event (forms due to
marriage must be done before the wedding
date)
If you miss the 31 day time limit, you
will have to wait until next Open
Enrollment to make changes
Benefits Orientation
How I Make Changes
FILL OUT NEW FORMS!
All Forms Must be Received in HR
at 933 Bradbury Dr. SE, Suite 3002,
by 5:00 p.m. on the 31st day
Benefits Orientation
My COBRA Rights
•Federal Law
•Requires qualified persons be allowed
to continue group health, dental or
vision coverage
•Premium is 102% of full cost
•Coverage may continue for 18 or 36
months, or longer depending upon the
COBRA qualifying event
Benefits Orientation
My HIPAA Rights
•Federal Law
•Requires persons enrolled in group
health coverage be provided with proof
of coverage certificate when requested
•You do NOT need a HIPAA certificate
for proof of coverage prior to our health
plan (there is no pre-existing condition
clause under Blue Cross/Blue Shield)
Benefits Orientation
My Pre-Tax Savings
HEALTH, DENTAL and VISION
PREMIUMS are DEDUCTED on a
PRE-TAX basis
•Saves you money on your taxes
•Limits changes during the plan year
to experiencing a Qualifying Event
Benefits Orientation
Domestic Partner Tax Rule
*DOMESTIC PARTNER
PREMIUMS ARE NOT ELIGIBLE
FOR PRE-TAX STATUS
•Changes during the plan year allowed only
for experiencing a Qualifying Event
•You must complete the Domestic Partner
Affidavit process in order to add your
domestic partner and their dependents to
any Plans
Benefits Orientation
Basic Life/AD&D
FREE to Me!
UNMH pays for these benefits
•BASIC LIFE insurance coverage = 1 X your
base annual salary
•ACCIDENTAL DEATH = 2 X your base
annual salary
•DISMEMBERMENT coverage included
You are automatically enrolled in all of these
once you become eligible
Benefits Orientation
Long Term Disability
FREE to Me!
UNMH pays for this benefit
•LONG TERM DISABILITY insurance
coverage is effective first of month following
one year in a benefits-eligible status
•PAYS 60% of base monthly earnings after
being totally disabled for 180 days
You are automatically enrolled once you
become eligible
Benefits Orientation
Voluntary Supplemental Life
Employee Coverage:
Spouse/DP Coverage:
$10,000 to $500,000
$10,000 to $250,000 *
•Spouse/DP Coverage amount cannot exceed
Employee Voluntary Life Coverage
Child Coverage: Age 6 mo. thru 25 years =$2,500
Age 2 weeks to 6 mos. = $1,000
Use this special opportunity to obtain
additional security for your and your family!
*Employee and Spouse/DP coverage is available in $10,000 increments
Benefits Orientation
Voluntary Supplemental Life
Special GUARANTEED ISSUE for
Newly Eligible ONLY!
$250,000 guaranteed issue Employee Coverage
$100,000 guaranteed issue Spouse/DP Coverage
Child(ren) Coverage guaranteed issue
Future requests for coverage at
Open Enrollment are subject to
Evidence of Insurability
Benefits Orientation
Voluntary Supplemental Life
Premiums
Per Pay Period (24/Year)
Tobacco Free Discounted Rates up to $100,000 (For rates up to $500,000, multiply by 2, 3, 4, or 5 as
appropriate)
Age
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
$90,000
$100,000
Under 25
$0.29
$0.58
$0.87
$1.16
$1.45
$1.74
$2.03
$2.32
$2.61
$2.90
25 to 29
$0.29
$0.58
$0.87
$1.16
$1.45
$1.74
$2.03
$2.32
$2.61
$2.90
30 to 34
$0.34
$0.68
$1.02
$1.36
$1.70
$2.04
$2.38
$2.72
$3.06
$3.40
35 to 39
$0.43
$0.86
$1.29
$1.72
$2.15
$2.58
$3.01
$3.44
$3.87
$4.30
40 to 44
$0.62
$1.24
$1.86
$2.48
$3.10
$3.72
$4.34
$4.96
$5.58
$6.20
45 to 49
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
$9.00
$10.00
50 to 54
$1.57
$3.14
$4.71
$6.28
$7.85
$9.42
$10.99
$12.56
$14.13
$15.70
55 to 59
$2.57
$5.14
$7.71
$10.28
$12.85
$15.42
$17.99
$20.56
$23.13
$25.70
60 to 64
$4.04
$8.08
$12.12
$16.16
$20.20
$24.24
$28.28
$32.32
$36.36
$40.40
65 to 69
$6.99
$13.98
$20.97
$27.96
$34.95
$41.94
$48.93
$55.92
$62.91
$69.90
70 to 74
$12.64
$25.28
$37.92
$50.56
$63.20
$75.84
$88.48
$101.12
$113.76
$126.40
75+
$12.64
$25.28
$37.92
$50.56
$63.20
$75.84
$88.48
$101.12
$113.76
$126.40
Rate changes due to age become effective the pay period following the
employee’s or spouse/Domestic Partner’s birthday.
Benefits Orientation
Voluntary Supplemental Life
Premiums
Per Pay Period (24/Year
Regular (Tobacco User) Rates up to $100,000 (For rates up to $500,000, multiply by 2, 3, 4, or 5 as
appropriate)
Age
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
$90,000
$100,000
Under 25
$0.36
$0.72
$1.08
$1.44
$1.80
$2.16
$2.52
$2.88
$3.24
$3.60
25 to 29
$0.36
$0.72
$1.08
$1.44
$1.80
$2.16
$2.52
$2.88
$3.24
$3.60
30 to 34
$0.42
$0.84
$1.26
$1.68
$2.10
$2.52
$2.94
$3.36
$3.78
$4.20
35 to 39
$0.54
$1.08
$1.62
$2.16
$2.70
$3.24
$3.78
$4.32
$4.86
$5.40
40 to 44
$0.78
$1.56
$2.34
$3.12
$3.90
$4.68
$5.46
$6.24
$7.02
$7.80
45 to 49
$1.26
$2.52
$3.78
$5.04
$6.30
$7.56
$8.82
$10.08
$11.34
$12.60
50 to 54
$1.98
$3.96
$5.94
$7.92
$9.90
$11.88
$13.86
$15.84
$17.82
$19.80
55 to 59
$3.24
$6.48
$9.72
$12.96
$16.20
$19.44
$22.68
$25.92
$29.16
$32.40
60 to 64
$5.10
$10.20
$15.30
$20.40
$25.50
$30.60
$35.70
$40.80
$45.90
$51.00
65 to 69
$8.82
$17.64
$26.46
$35.28
$44.10
$52.92
$61.74
$70.56
$79.38
$88.20
70 to 74
$15.96
$31.92
$47.88
$63.84
$79.80
$95.76
$111.72
$127.68
$143.64
$159.60
75+
$15.96
$31.92
$47.88
$63.84
$79.80
$95.76
$111.72
$127.68
$143.64
$159.60
Rate changes due to age become effective the pay period following the
employee’s or spouse/Domestic Partner’s birthday.
Benefits Orientation
Voluntary Supplemental
Life Premiums
Add only an additional .23 cents
twice/month to cover all
dependent children!
Benefits Orientation
Beneficiary Information
Life insurance & retirement
beneficiary changes may be
made at any time
•Complete and submit new forms
to HR to change your beneficiary
Remember to change your “Employee
Paycheck” beneficiary - available online at
HR, Forms
Benefits Orientation
My Annual (Vacation) Leave
10 days by end of your 1st year
– Accruals prorated on hours actually worked up
to 3.08 hours per pay period
1 additional day for every additional
year until accruals max at 20
days/year
Eligible to use Annual Leave after 5 months service
See HR policy 215 – Leave Annual for details
Benefits Orientation
My Paid Holidays
9 Paid Holidays per Year
1-New Year’s Day
2-New Year’s Eve Day
or Day After N.Y.D.
3-Memorial Day
4-Independence Day
5-Labor Day
6-Thanksgiving Day
7-Thanksgiving Day
After
8-Christmas Day
9-Christmas Eve
Day or Day After
Christmas Day
Up to 8 paid hours per holiday based on normal schedule
See HR policy 225 – Leave Holiday for details
Benefits Orientation
Sick Leave
•7 Days Minor Sick Leave Accrual per Year
–Accruals prorated on hours actually worked up to
2.15 hours per pay period
–Use for absences up to 24 consecutively
scheduled work hours due to illness or injury
•6 Days Major Sick Leave Accrual per Year
−Accruals prorated on hours actually worked up to
1.85 hours per pay period
−Use for absences over 24 consecutively
scheduled work hours due to illness or injury
Eligible to use Sick Leave after 90 days service
See HR policy 235 – Leave Sick for details
Benefits Orientation
Tuition Reimbursement
•24 College-Credit Hours per Fiscal Year
–Prorated on assigned FTE status
1.0 to 0.9 = 24 hrs; 0.8 to 0.7 = 21 hrs; 0.6 to 0.5 = 18 hrs
•Eligible to Apply after 6 Months Service
•T.R. forms MUST be in HR prior to class start date
•Must maintain Benefits-Eligibility thru-out semester
•Reimbursement up to UNM regular in-state or CNM
in-county rate (course fee reimbursement with itemized receipt)
•4 courses per semester limit
•Spanish Language non-credit exceptions possible
•For CAP RNs & RRTs, New National Certs Exam Cost
Temporary Status Employees are not eligible for this program
See HR policy 370 – Tuition Reimbursement for details
Benefits Orientation
Lots of Other Benefits
•Direct Deposit
•NM Educators Federal Credit Union
•United Way via Payroll Deduction
•Outcomes Employee Assistance Program
•Discount Programs: Recreation, Shopping, Child Care, Fitness,
Car Services, Dining and more
•“Half-Price” Popejoy & Lobo Season Tickets and access to UNM
Rec Services, Johnson Gym & more via LoboCard
•Employee Referral Bonus Program
•Annual Sick Leave Sell-Back Opportunity
•Catastrophic Leave & Medical Crisis Leave Bank Programs
•Employee Service Teams Participation
•Reward & Recognition Programs (I CARE)
•5-Year Service Awards Program & Recognition Banquet
•Annual UNMH/HSC Family Fun Day
•Employee Scholarship & Training Opportunities
Benefits Orientation
Benefits Orientation
Enroll in 403(b) and/or
457(b) Retirement Anytime
How to contact Fidelity
1-800-343-0860
www.fidelity.com
Local Fidelity Representative
Cody Maschmeier
272-2552 (Leave message for
appointment)
Benefits Orientation
When I Need to Have My
Forms In HR
FINAL DEADLINE IS 5:00 P.M.
ON 31st DAY
Your first deductions are due on the first
paycheck after your effective date
•Late forms will cause double deductions
until premiums are caught up to date
Benefits Orientation
Any Questions
Call HR Benefits
Lisa Mittman
Benefits Tech.
272-5642
Your Benefits Team
Calandra Redhouse
Benefits Specialist
272-1903
Mignon Koenig
Senior Benefits Specialist
272-4201
The information in this presentation is not intended to replace benefit plan details.
Please refer to summaries of benefit plans and Policies and Procedures for specifics.
Benefits Orientation
UNION ORIENTATION
Names of employees eligible to join a union
will be called prior to Union Orientation at
11:30
If you are not eligible to join, you may leave
at that time
Benefits Orientation